1022 E 219th St
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1022 E 219th St
5 Unit Apartment Building $1,498,000 ($299,600/Unit) 7.85% Cap Rate Bronx, NY 10469
Investment Highlights
- Calling All Investors, Developers & End-Users!!! 100% Occupied 5 Unit Free Market Apartment House With 2 Garages In The Bronx For Sale!!!
- The Property Also Features 2 Garages, Security Camera System, Upgraded Electrical Service + Meters + Panels, New Windows, New Roof, +++!!
- Neighbors Include Toyota, Amazon, The Home Depot, Costco, LA Fitness, Macy’s, Walgreens, Dave & Buster’s, Burlington, Aldi, IHOP, +++!!!
- The Property Features Strong R4 Zoning, 6 Parking Spaces, (1) 3 Br. Apt., (1) 2 Br. Apt., (2) 1 Br. Apts., (1) Studio Apt., High 8’ Ceilings, +++
- The Property Is Located In The Heart Williamsbridge Minutes From Van Cortlandt Park Situated In Between The Bronx River Parkway & Boston Road!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! 100% Occupied 5 Unit Free Market Apartment House With 2 Garages In The Bronx For Sale!!! The Property Features Great Exposure, Strong R4 Zoning, 6 Parking Spaces, (1) 3 Br. Apt., (1) 2 Br. Apt., (2) 1 Br. Apts., (1) Studio Apt., High 8’ Ceilings, 2 Stories, 2 Garages, Security Camera System, Upgraded Electrical Service + Meters + Panels, New Windows, New Roof, New Gas Steam Boiler, 2 New Gas Hot Water Heaters, LED Lighting, 200 Amp Power, +++!!! The Property Is Located In The Heart Williamsbridge Minutes From Van Cortlandt Park!!! The Property Is Situated In Between The Bronx River Parkway & Boston Road!!! Neighbors Include Toyota, Amazon, The Home Depot, Costco, LA Fitness, Macy’s, Walgreens, Dave & Buster’s, Burlington, Aldi, IHOP, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
BF (1 Br.): $29,784 Ann.; Lease Exp.: 2/28/25.
BR (1 Br.): $22,740 Ann.; Lease Exp.: 9/30/25.
Unit 1 (3 Br.): $39,996 Ann.; M-M.
2F (Studio): $21,900 Ann.; Lease Exp.: 8/30/25.
2R (2 Br.): $24,600 Ann.; Lease Exp.: 12/1/24.
2 Garages: $4,800 Ann. M-M.
Gross Income: $143,820 Ann.
Expenses:
Gas: $4,819 Ann.
Maintenance & Repairs: $500 Ann.
Water & Sewer: $3,585 Ann.
Insurance: $6,148 Ann.
Super: $4,308 Ann.
Taxes: $6,837.36 Ann.
Total Expenses: $26,197 Ann.
Net Operating Income (NOI): $117,623 Ann. (7.85% Cap!!!)
Income:
BF (1 Br.): $29,784 Ann.; Lease Exp.: 2/28/25.
BR (1 Br.): $22,740 Ann.; Lease Exp.: 9/30/25.
Unit 1 (3 Br.): $39,996 Ann.; M-M.
2F (Studio): $21,900 Ann.; Lease Exp.: 8/30/25.
2R (2 Br.): $24,600 Ann.; Lease Exp.: 12/1/24.
2 Garages: $4,800 Ann. M-M.
Gross Income: $143,820 Ann.
Expenses:
Gas: $4,819 Ann.
Maintenance & Repairs: $500 Ann.
Water & Sewer: $3,585 Ann.
Insurance: $6,148 Ann.
Super: $4,308 Ann.
Taxes: $6,837.36 Ann.
Total Expenses: $26,197 Ann.
Net Operating Income (NOI): $117,623 Ann. (7.85% Cap!!!)
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$143,820
|
$47.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$143,820
|
$47.94
|
| Taxes |
$6,837
|
$2.28
|
| Operating Expenses |
$19,360
|
$6.45
|
| Total Expenses |
$26,197
|
$8.73
|
| Net Operating Income |
$117,623
|
$39.21
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $143,820 |
| Annual Per SF | $47.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $143,820 |
| Annual Per SF | $47.94 |
| Taxes | |
|---|---|
| Annual | $6,837 |
| Annual Per SF | $2.28 |
| Operating Expenses | |
|---|---|
| Annual | $19,360 |
| Annual Per SF | $6.45 |
| Total Expenses | |
|---|---|
| Annual | $26,197 |
| Annual Per SF | $8.73 |
| Net Operating Income | |
|---|---|
| Annual | $117,623 |
| Annual Per SF | $39.21 |
Property Facts
| Price | $1,498,000 | Building Class | C |
| Price Per Unit | $299,600 | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 3,000 SF |
| Cap Rate | 7.85% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2015 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,498,000 |
| Price Per Unit | $299,600 |
| Sale Type | Investment |
| Cap Rate | 7.85% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2015 |
| Parking Ratio | 2/1,000 SF |
Site Amenities
- 24 Hour Access
- Fenced Lot
- Security System
- Gated
- Gas Range
- Storage Space
- Bicycle Storage
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 1 | - | - |
Walk Score ®
Very Walkable (75)
Transit Score ®
Excellent Transit (85)
Bike Score ®
Very Bikeable (73)
zoning
| Zoning Code | R4 (R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts. The floor area ratio (FAR) of 0.75, plus an a) |
| R4 (R4 districts allow all types of housing at a slightly higher density than permitted in R3-2 districts. The floor area ratio (FAR) of 0.75, plus an a) |
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1022 E 219th St
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